Is now a good time to invest in Gold and Silver?

Question

Is now a good time to invest in Gold and Silver?

Answer 1

Hi,

This might actually help you:

http://where-to-invest.blogspot.com/sear...

Answer 2

Perhaps the word 'speculate' is more appropriate than 'invest'.

It looks like inflation is about to take off in a serious way in USA.  And the Fed is unwilling to do anything about it.  Which may mean that many people will pile their money into gold and silver in order to protect their wealth from devaluation.

But there is going to be a new US president next year.  And he may be more willing to protect the US dollar.  Which can cause gold and silver prices to decline rapidly.

Answer 3

Yes/No

Yes, if you are under 30.

Answer 4

No. Put all your cash into the highest yielding MM or CD. If you're asking this you are not equip enough to play the market in any sense. Keep cash. If you are set on starting, wait until the dollar bottoms out more, but a high performance mutual fund and let the manager run it. Good luck.

Answer 5

depends who is president. If you get Ron Paul or Chuck Baldwin, their chances of bringing dollar to gold/ silver standard is huge. On the other hand, if it is Obama or McCain, they might increase inflation. Therefore, it depends. Also, you donno what will happen in the future, but it does looks like the economy is going bad with the dollar falling in value.

Answer 6

Gold